World's Smallest Compact Apartment Sells for £43,000

The world's smallest compact apartment located in Central Rome is now selling for £43,000 (approximately $68,490). Noted as being a former porter's closet, this mini apartment is only 55 square feet.

Located on the Piazza di Sant' Ignazio, Italy, the world's smallest compact apartment only features a sink, lavatory and shower, with a ladder that will lead up to a single-bedded bedroom. Check out the featured gallery to get a glimpse of this super small apartment.

Implications - This apartment is proof that size does not in fact matter. Though the world's smallest apartment has been described as little bigger than a wigwam, the exceptionally high price point showcases the value in a homey charm. The apartment is catered to the Italian lifestyle, which values quality over unnecessary extravagance.